STOCK TITAN

Nixxy appoints Robert Reda to board after Mbeki exit

Reda will chair Nixxy’s Nominations Committee and serve on its Audit and Compensation committees.

(Moderate)

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Form Type
8-K

Rhea-AI Filing Summary

Nixxy, Inc. appointed Robert Reda to its Board effective October 19, 2026, immediately after Lillian Mbeki resigned. Reda will chair the Nominations Committee and serve on the Audit and Compensation committees. Nixxy stated that Mbeki’s resignation was not the result of any disagreement with the company about its operations, policies or practices.

As compensation, Reda was granted 50,000 shares under the 2025 Equity Incentive Plan. He will also receive 50,000 shares for each year of service, prorated for the current year, with those shares vesting in four equal quarterly payments, and a $2,500 monthly payment. Nixxy reported no family relationship between Reda and its current officers or directors and no reportable related-party transactions involving him.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Appointment shares 50,000 shares Granted under the 2025 Equity Incentive Plan
Annual service shares 50,000 shares For each year of service; prorated for the current year
Quarterly vesting payments 4 equal payments Annual service shares vest in quarterly payments
Monthly payment $2,500 Monthly compensation for board service
Equity Incentive Plan financial
"under the Company’s 2025 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
vest financial
"shares that vest in four even quarterly payments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What compensation will Robert Reda receive as a NIXX director?

Reda was granted 50,000 shares under Nixxy’s 2025 Equity Incentive Plan. He will also receive 50,000 shares for each year of service, prorated for the current year, with those shares vesting in four equal quarterly payments, plus a $2,500 monthly payment.

Why did Lillian Mbeki leave NIXX’s board?

Lillian Mbeki resigned effective immediately before Robert Reda’s appointment on October 19, 2026. Nixxy stated that her resignation was not the result of any disagreement with the company about its operations, policies or practices.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 19, 2026

 

NIXXY, INC.

(Exact name of registrant as specified in its charter)

 

Nevada

(State or other jurisdiction
of incorporation)

 

001-40563

(Commission
File Number)

 

90-1505893

(IRS Employer
Identification No.)

 

1178 Broadway, 3rd Floor

New York, NY 10001

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (877) 708-8868

 

Not Applicable

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to 12(b) of the Act:

 

Title of class   Trading symbol   Name of exchange on which registered
Common Stock   NIXX   NASDAQ Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

   

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

Appointment of Director

 

On October 19, 2026, the Board of Directors (the “Board”) of Nixxy, Inc. (the “Company”) appointed Robert Reda as a member of the Board effective immediately. Mr. Reda has been appointed to serve as Chair of the Nominations Committee of the Board and as a member of the Audit Committee and the Compensation Committee.

 

Family Relationships

 

Mr. Reda does not have a family relationship with any of the current officers or directors of the Company.

 

Related Party Transactions

 

There are no related party transactions with regard to Mr. Reda reportable under Item 404(a) of Regulation S-K.

 

Compensatory Arrangements

 

As compensation for his appointment as a member of the Board, Mr. Reda was granted (a) 50,000 shares of common stock under the Company’s 2025 Equity Incentive Plan (the “Plan”); and (b) for each year of service, beginning for and pro-rated for the current year, and for each year that Mr. Reda continues to be a member of the Board, 50,000 shares of common stock that vest in four even quarterly payments; and (c) a monthly payment of $2,500.

 

Resignation of Director

 

On October 19, 2026, Lillian Mbeki resigned as a member of the Board, effective immediately prior to the appointment of Robert Reda. Ms. Mbeki’s resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

 

 

 

 

 

 

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

  NIXXY, INC.
   
Dated: October 23, 2026 By: /s/ David Kratochvil
  Name:

David Kratochvil

  Title: Chief Executive Officer

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Filing Exhibits & Attachments

3 documents

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